"People know and are still fearful of the European Union crisis, but we're seeing that investors can look past that when they see positive economic news out of the United States," said Douglas DePietro, head of trading at Evercore Partners.

Indeed, Thursday's trading capped off yet another day when negative news from Europe failed to prompt a sell-off in stocks.

The Dow has now gone more than seven weeks without a triple-digit loss. Last year, it never went more than five weeks without suffering a 100-point-plus loss.

Nine of the global banks put on review by Moody's are headquartered in Europe, the agency said. Moody's added that Swiss banks Credit Suisse (CS) and UBS (UBS), as well as New York-based Morgan Stanley (MS, Fortune 500), could see their long-term ratings slashed by up to 3 notches.

Meanwhile, uncertainty remains over Greece and its efforts to secure much-needed additional bailout funds. European finance ministers delayed a decision on the bailout Wednesday, as they continue to evaluate a proposed austerity program from Athens.

The Eurogroup meets again Monday and indicated it would likely give its approval for the latest economic reform proposal, which Greece needs in order to secure bailout funds and avoid defaulting on a €14.5 billion bond redemption in March.

U.S. stocks closed lower Wednesday, as the euro hit a 1-week low on uncertainty over Greece's debt crisis.

Shares of J.M. Smucker (SJM, Fortune 500) slid 8% after the maker of Jif peanut butter and Folgers coffee posted a 11% drop in its fiscal third-quarter profit that was also below expectations.

Shares of Amazon (AMZN, Fortune 500) were down 2.5% after Apple (AAPL, Fortune 500) asked the e-commerce company to halt sales of the iPad in China. The move came after Apple lost a trademark dispute over the "iPad" name in Chinese courts.